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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Foreign Trade Prices in the Council for Mutual Economic Assistance

Foreign Trade Prices in the Council for Mutual Economic Assistance

Hewett, Edward A.

Paperback

Series: Cambridge Russian, Soviet and Post-Soviet Studies, Book 16

Economics

ISBN10: 0521153050
ISBN13: 9780521153058
Publisher: Cambridge University Press
Published: Feb 17 2011
Pages: 212
Weight: 0.60
Height: 0.48 Width: 5.50 Depth: 8.50
Language: English
Six European socialist states - Bulgaria, Czechoslovakia, Hungary, Poland, Rumania and the Soviet Union - announced the establishment of CMEA in January, 1949. Each CMEA country has the centrally planned economy of the socialist state, with the check on the free movement of prices that a deliberate planning policy provides. This book discusses what determines the movement of resources in the CMEA economy and what role the price system plays. Professor Hewitt concludes that the price system resulted in price changes causing a significant deterioration in Soviet-East European terms of trade during the 1960s. He finds little evidence that prices have influenced actual trade flows, and believes economic reforms in some East European countries could eventually lead to a much greater influence of CMEA foreign trade prices. This book discusses the major proposals to reform the price system and shows how debates on that matter have naturally led into debates on reforming all intra-CMEA economic institutions.

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